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The space has stuck a tight range......>

AUSSIE BONDS
AUSSIE BONDS: The space has stuck a tight range thus far, easing alongside US
Tsy futures on the back of stronger than expected domestic retail sales data,
upbeat China Services PMI data and a notable uptick for the yuan.
- The domestic 3-/10-Year yield differential is around 3.1bp flatter on the day
after Aussie Bonds tracked the Tsy complex higher in SYCOM dealing, and as the
long end continues to outperform. The AU/US 10-Year spread is holding around
-25.0bp.
- Bill strip activity has been limited with the white and red contracts dealing
unchanged to a tick lower.
- Focus now moves to A$1bn worth of SAFA issuance.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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